When is the initial franchise fee due for a Face Foundrie franchise?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
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ITEM 7. ESTIMATED INITIAL INVESTMENT
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is to be Paid | |
|---|---|---|---|---|---|
| Low | |||||
| Background Check Fee(1) | $200 | $600 | L |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 23–27)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the initial franchise fee of $50,000 is due upon signing the Franchise Agreement. This fee is a one-time, lump-sum payment required to secure the rights to operate a Face Foundrie franchise.
Prospective franchisees should be aware that this fee is non-refundable once paid, as stated in the notes of Item 7. This is a common practice in franchising, as the fee covers the franchisor's initial costs in evaluating and onboarding a new franchisee. It's essential to have sufficient funds available at the time of signing the agreement to cover this expense.
Understanding when the initial franchise fee is due allows potential Face Foundrie franchisees to plan their finances accordingly. It's crucial to review the Franchise Agreement carefully to fully understand the terms and conditions related to the fee and other obligations.